Ronald I. McKinnon
William D. Eberle Professor of International Economics
Stanford University


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Mailing Address:
Department of Economics
Landau Economics Bldg.
Stanford University
Stanford, CA 94305-6072

E-mail:
mckinnon@stanford.edu

Tel: (650) 723 3721 (office)
Tel: (650) 493 7018 (home)
Fax: (650) 725 5702



Courses (including most recent syllabi)

Office Location:
Room 321, Landau Economics Building
CURRENT PAPERS

  • China's Financial Conundrum and Global Imbalances Stanford Economics Working Papers 07-005, August 2008


  • U.S. Current Account Deficits and the Dollar Standard’s Sustainability: A Monetary Approach CESifo Forum, Winter 2007


  • Japan’s Deflationary Hangover: Wage Stagnation and the Syndrome of the Ever-Weaker Yen Singapore Economic Review, Vol. 52, No.3 (2007)


  • The Transfer Problem in Reducing the U.S. Current Account Deficit August 2007, Journal of Policy Modeling


  • Why China Should Keep Its Exchange Rate Pegged to the Dollar: A Historical Perspective from Japan March 2007, International Finance


  • Devaluing the dollar: A critical analysis of William Cline's case for a New Plaza Agreement (with Gunther Schnabl) September 2006, Journal of Policy Modeling


  • China's Exchange Rate Appreciation in the Light of the Earlier Japanese Experience Fall 2006, Pacific Economic Review


  • China's Exchange Rate Trap: Japan Redux? May 2006, American Economic Review


  • The Impact of China's Appreciating Exchange Rate on Interest Rates and Wages: Japan Déjá Vu (with Gunther Schnabl) July 2006, (earlier version in CESifo Working Papers #1720, May 2006)


  • Current Account Surpluses and Conflicted Virtue in East Asia: China and Japan under the Dollar Standard (with Gunther Schnabl) August 2006


  • The World Dollar Standard and Globalization, New Rules for the Game September 2005


  • Trapped by the International Dollar Standard June 2005, Journal of Policy Modeling


  • Optimum Currency Areas and Key Currencies: Mundell I versus Mundell II August 2004, Journal of Common Market Studies


  • China: A Stabilizing or Deflationary Influence in East Asia? The Problem of Conflicted Virture (with Gunther Schnabl), November 2003


  • The East Asian Dollar Standard, Fear of Floating, and Original Sin (with Gunther Schnabl), August 2004, Review of Development Economics


  • Synchronized Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate (with Gunther Schnabl) The World Economy August 2003


  • Japan's Negative Risk Premium in Interest Rates: The Liquidity Trap and Fall in Bank Lending (with Rishi Goyal) The World Economy, March 2003


  • Optimum Currency Areas and the European Experience Economics of Transition Volume 10 (2) 2002


  • The International Dollar Standard and the Sustainability of the U.S. Current Account Deficit March 2001
    Published in Brookings Papers on Economic Activity 2001


  • After the Crisis, The East Asian Dollar Standard Resurrected: An Interpretation of High-Frequency Exchange Rate Pegging August 2000
    Published in J. Stiglitz and S. Yusuf eds. Rethinking the East Asian Miracle, World Bank and Oxford University Press. May 2001


  • The Foreign Exchange Origins of Japan's Economic Slump and Low Interest Liquidity Trap (with Kenichi Ohno) June 2000
    Published in The World Economy 24(3)


  • Exchange-Rate Regimes for Emerging Markets: Moral Hazard and International Overborrowing (with Huw Pill) Autumn 1999
    Published in Oxford Review of Economic Policy 15(3)


  • Euroland and East Asia in a Dollar-Based International Monetary System: Mundell Revisited August 1999
    Published in Festschrift in Honor of R.A. Mundell, G. Calvo, R. Dornbusch, and M. Obstfeld, eds. MIT Press. 2001


  • The East Asian Dollar Standard, Life After Death? July 1999
    Published in Economic Notes 29(1)


  • Last Updated: December 18, 2003